Hawaiian’s Q1 net profit dips
Hawaiian Airlines released its first quarter financial results on Thursday showing net income down 28% as fuel and staff costs increased. Operating revenue for the quarter to March 31 rose 11.4% to USD$614.2m, but costs jumped 20.4% to $546.9m. Fuel costs were up almost 50% at $103.6m, while wages and benefits rose 17.5% to $151m. Hawaiian flew 2.7m passengers in the quarter, a 2.2% increase on 1Q16. Passenger traffic in revenue passenger miles (RPM) was up 7.2% on an ASM capacity increase of 3.5%. The resulting passenger load factor rose 2.9 percentage points to 84%. Unit revenue (PRASM) was up 7.7% at 11.89 cents. “The year has started extremely well. Strong demand coupled with benign industry capacity growth in our geographies have given us a robust operating environment sufficient to more than offset the impact of the rising price of fuel,” Hawaiian CE Mark Dunkerley said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-21/unaligned/hawaiian2019s-q1-net-profit-dips
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Hawaiian’s Q1 net profit dips
Hawaiian Airlines released its first quarter financial results on Thursday showing net income down 28% as fuel and staff costs increased. Operating revenue for the quarter to March 31 rose 11.4% to USD$614.2m, but costs jumped 20.4% to $546.9m. Fuel costs were up almost 50% at $103.6m, while wages and benefits rose 17.5% to $151m. Hawaiian flew 2.7m passengers in the quarter, a 2.2% increase on 1Q16. Passenger traffic in revenue passenger miles (RPM) was up 7.2% on an ASM capacity increase of 3.5%. The resulting passenger load factor rose 2.9 percentage points to 84%. Unit revenue (PRASM) was up 7.7% at 11.89 cents. “The year has started extremely well. Strong demand coupled with benign industry capacity growth in our geographies have given us a robust operating environment sufficient to more than offset the impact of the rising price of fuel,” Hawaiian CE Mark Dunkerley said.<br/>
